Details
By locking the One-Month Enhanced Death Benefit in at the highest monthly contract anniversary, clients may be able to increase the value of the variable annuity for beneficiaries, even if the market and the contract value are down when the client dies.
This optional rider is available for an additional cost with some Nationwide variable annuities. If the annuitant dies, the beneficiary will receive the greater of:
- The value of the annuity at the time Nationwide receives all required paperwork in good order
- The total purchase payments made to the annuity, less adjustments for amounts surrendered
- The highest contract value on any contract anniversary prior to the annuitant's 81st birthday, less any subsequent amount surrendered
The annuitant age limit varies depending on the contract. Please see the prospectus for details.
Issued through age 75
Cost: 0.35%